Japan stocks soar 3% to record high as 'Takaichi trade' reboots

LDP leader closer to becoming prime minister; US credit fears ease

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Investor anxiety has started to ease as the odds seem to favor LDP chief Sanae Takaichi becoming the country's new leader. (Photo by Shintaro Ino)

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TOKYO -- Japanese stocks rose 3% to close at a record high on Monday amid renewed expectations for ruling party leader Sanae Takaichi becoming prime minister and a push for dovish fiscal policies.

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